Moody Aldrich Partners LLC Sells 46,003 Shares of Amkor Technology, Inc. (NASDAQ:AMKR)

Moody Aldrich Partners LLC lessened its stake in Amkor Technology, Inc. (NASDAQ:AMKR - Free Report) by 87.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,737 shares of the semiconductor company's stock after selling 46,003 shares during the period. Moody Aldrich Partners LLC's holdings in Amkor Technology were worth $206,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Amkor Technology by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 14,976,630 shares of the semiconductor company's stock worth $482,847,000 after buying an additional 219,638 shares in the last quarter. Earnest Partners LLC raised its position in Amkor Technology by 3.2% in the second quarter. Earnest Partners LLC now owns 2,423,255 shares of the semiconductor company's stock worth $96,979,000 after acquiring an additional 75,364 shares in the last quarter. American Century Companies Inc. lifted its holdings in Amkor Technology by 54.4% in the 2nd quarter. American Century Companies Inc. now owns 1,673,314 shares of the semiconductor company's stock valued at $66,966,000 after acquiring an additional 589,530 shares during the last quarter. Driehaus Capital Management LLC acquired a new stake in Amkor Technology in the 2nd quarter valued at about $58,379,000. Finally, Millennium Management LLC boosted its position in shares of Amkor Technology by 359.7% during the 2nd quarter. Millennium Management LLC now owns 1,360,292 shares of the semiconductor company's stock valued at $54,439,000 after purchasing an additional 1,064,404 shares in the last quarter. Institutional investors own 42.76% of the company's stock.

Amkor Technology Stock Up 1.7 %

Shares of Amkor Technology stock traded up $0.51 during midday trading on Friday, hitting $29.88. The company's stock had a trading volume of 1,064,727 shares, compared to its average volume of 1,298,200. The firm has a market capitalization of $7.34 billion, a P/E ratio of 19.66 and a beta of 1.84. Amkor Technology, Inc. has a 1-year low of $17.58 and a 1-year high of $44.86. The company has a quick ratio of 1.83, a current ratio of 2.08 and a debt-to-equity ratio of 0.23. The stock has a 50-day simple moving average of $30.78 and a 200-day simple moving average of $33.32.

Amkor Technology (NASDAQ:AMKR - Get Free Report) last released its earnings results on Monday, July 29th. The semiconductor company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The company had revenue of $1.46 billion for the quarter, compared to analysts' expectations of $1.45 billion. Amkor Technology had a return on equity of 9.41% and a net margin of 5.87%. The business's revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.26 EPS. As a group, sell-side analysts expect that Amkor Technology, Inc. will post 1.55 earnings per share for the current year.

Amkor Technology Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, September 23rd. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.079 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date of this dividend was Tuesday, September 3rd. Amkor Technology's dividend payout ratio (DPR) is currently 20.39%.

Insider Activity

In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total transaction of $315,100.00. Following the completion of the sale, the chief executive officer now directly owns 204,971 shares in the company, valued at approximately $6,458,636.21. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Guillaume Marie Jean Rutten sold 10,000 shares of the business's stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $31.51, for a total value of $315,100.00. Following the completion of the sale, the chief executive officer now owns 204,971 shares of the company's stock, valued at approximately $6,458,636.21. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Winston J. Churchill sold 20,000 shares of the stock in a transaction that occurred on Tuesday, August 27th. The stock was sold at an average price of $32.97, for a total value of $659,400.00. Following the completion of the transaction, the director now owns 19,871 shares in the company, valued at $655,146.87. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 31.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

AMKR has been the subject of several recent research reports. JPMorgan Chase & Co. initiated coverage on shares of Amkor Technology in a research note on Monday, July 1st. They set an "overweight" rating and a $48.00 target price for the company. Morgan Stanley increased their price objective on Amkor Technology from $34.00 to $38.00 and gave the company an "equal weight" rating in a research report on Tuesday, July 2nd. Needham & Company LLC lifted their target price on Amkor Technology from $40.00 to $45.00 and gave the stock a "buy" rating in a report on Tuesday, July 30th. StockNews.com raised Amkor Technology from a "hold" rating to a "buy" rating in a research report on Tuesday, October 15th. Finally, KeyCorp began coverage on Amkor Technology in a research report on Friday, September 20th. They issued an "overweight" rating and a $38.00 price target for the company. Three research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $40.75.

About Amkor Technology

Amkor Technology, Inc provides outsourced semiconductor packaging and test services in the United States, Japan, Europe, the Middle East, Africa, and the Asia Pacific. It offers turnkey packaging and test services, including semiconductor wafer bump, wafer probe, wafer back-grind, package design, packaging, system-level and final test, and drop shipment services; flip chip scale package products for smartphones, tablets, and other mobile consumer electronic devices; flip chip stacked chip scale packages that are used to stack memory digital baseband, and as applications processors in mobile devices; flip-chip ball grid array packages for various networking, storage, computing, automotive, and consumer applications; and memory products for system memory or platform data storage.